Advanced Oxygen (AOXY) 10-K 29 Sep 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2015	Sep. 21, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	ADVANCED OXYGEN TECHNOLOGIES INC
Entity Central Index Key	352,991
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Type	10-K
Document Period End Date	Jun. 30, 2015
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 76,188
Entity Common Stock, Shares Outstanding	2,292,945

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Jun. 30, 2014
CURRENT ASSETS
Cash	$ 68,260	$ 100,825
Deferred Taxes	1,194	1,644
Total Current Assets	69,454	102,469
FIXED ASSETS
Land and buildings	478,440	605,960
TOTAL ASSETS	547,894	708,429
CURRENT LIABILITIES
Accounts Payable	24,260	9,261
Current Portion of Long Term Debt	24,804	35,985
Note Payable	127,029	127,029
Taxes payable	27,217	58,026
Total current liabilities	203,310	230,301
Long Term Debt, subsidiary	149,648	213,900
Due to affiliate	60,998	56,259
Total Long Term Debt	210,646	270,159
Total Liabilities	413,956	500,460
STOCKHOLDERS' EQUITY-
Common stock, par value $0.01; At June 30, 2015, authorized 60,000,000 shares; issued and outstanding 2,292,945 shares. At June 30, 2014 authorized, 90,000,000 shares; issued 46,973,585 shares; outstanding 45,853,585 shares.	22,929	469,736
Additional paid-in capital	20,444,575	20,497,769
Accumulated deficit	(20,843,032)	(20,769,002)
TOTAL SHAREHOLDERS EQUITY	133,938	207,969
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	$ 547,894	$ 708,429
Common stock [Member]
STOCKHOLDERS' EQUITY-
Less treasury stock, at cost
Series 2 Convertible Preferred Stock
STOCKHOLDERS' EQUITY-
Convertible preferred stock	$ 50	$ 50
Series 3 Convertible Preferred Stock
STOCKHOLDERS' EQUITY-
Convertible preferred stock	16,700	16,700
Less treasury stock, at cost	$ (7,284)	$ (7,284)
Series 4 Convertible Preferred Stock
STOCKHOLDERS' EQUITY-
Convertible preferred stock
Series 5 Convertible Preferred Stock
STOCKHOLDERS' EQUITY-
Convertible preferred stock

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	60,000,000	90,000,000
Common Stock, shares issued	2,292,945	46,973,585
Common Stock, shares outstanding	2,292,945	45,853,585
Common stock
Treasury stock, shares	1,120,000	1,120,000
Series 2 Convertible Preferred Stock
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred Stock, shares issued	5,000	5,000
Preferred Stock, shares outstanding	5,000	5,000
Preferred stock, liquidation preference	$ 25,000	$ 25,000
Series 3 Convertible Preferred Stock
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred Stock, shares authorized	1,670,000	1,670,000
Preferred Stock, shares issued	1,670,000	1,670,000
Treasury stock, shares	1,670,000	1,670,000
Series 4 Convertible Preferred Stock
Preferred Stock, shares issued
Preferred Stock, shares outstanding
Series 5 Convertible Preferred Stock
Preferred Stock, shares issued	1	1

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Revenues
Real Estate Rentals	$ 38,585	$ 44,830
Foreign Exchange Income	35,323
Total Revenues	$ 73,908	$ 44,830
Cost of Sales
Cost of Sales, subsidiary		873
Total Cost of Sales		873
Gross Profit	$ 73,908	43,957
Costs and Expenses
General & Administrative, ANV	$ 4,196	5,657
Foreign Exchange Expense		6,116
Interest Expense, ANV	$ 10,410	25,045
Professional expenses- Audit	$ 8,884	12,474
Tax Expense		84,745
Transfer Agent Expenses	$ 2,100	2,100
Total Costs and Expenses	25,590	136,137
Income (loss) from operations before other income (expenses), and income tax expense	48,319	$ (92,180)
Income Taxes Benefit (Expense)	5,169
Other income (expenses)
Foreign Exchange gain (loss) of Land & Buildings	(127,520)	$ 27,256
Total Other Income(expense)	(127,520)	27,256
NET INCOME (LOSS)	$ (74,032)	$ (64,924)
Average number of shares outstanding	21,440,479	45,853,585
Net income per share	$ (0.0034)	$ (0.0014)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficiency) - USD ($)	Total	Convertible Series 2, par value $0.01, $25,000 liquidating Preference	Convertible Series 3, par value $0.01	Treasury Convertible Series 3 (at cost)	Common Stock	Additional Paid In Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Balance at Jun. 30, 2012	$ 239,036	$ 50	$ 16,700	$ (7,284)	$ 469,736	$ 20,497,769		$ (20,737,935)
Balance, shares at Jun. 30, 2012		5,000	1,670,000	1,670,000	46,973,585
Net Income (Loss)								33,856
Rounding								1
Balance at Jun. 30, 2013	272,893	$ 50	$ 16,700	$ (7,284)	$ 469,736	$ 20,497,769		(20,704,078)
Balance, shares at Jun. 30, 2013		5,000	1,670,000	1,670,000	46,973,585
Net Income (Loss)	$ (64,924)							(64,924)
Rounding
Balance at Jun. 30, 2014	$ 207,969	$ 50	$ 16,700	$ (7,284)	$ 469,736	$ 20,497,769		(20,769,002)
Balance, shares at Jun. 30, 2014		5,000	1,670,000	1,670,000	46,973,585
Net Income (Loss)	(74,032)							$ (74,032)
To record the reduction of 44,680,640 common shares on December 8, 2014 in connection reverse split of 20 to 1, par value $0.01.					$ (446,807)	$ (446,806)
To record the reduction of 44,680,640 common shares on December 8, 2014 in connection reverse split of 20 to 1, par value $0.01, Shares					44,680,640
Rounding	1							$ (2)
Balance at Jun. 30, 2015	$ 133,938	$ 50	$ 16,700	$ (7,284)	$ 22,929	$ 20,944,575		$ (20,843,032)
Balance, shares at Jun. 30, 2015		5,000	1,670,000	1,670,000	2,292,945

Consolidated Statements of Sto6

Consolidated Statements of Stockholders' Equity (Deficiency) (Parentheticals) - $ / shares	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Common Stock, par value	$ 0.01	$ 0.01
Common Stock
Stockholders' equity, Reverse stock split	Reverse split of 20 to 1.
Reverse splits, Shares	44,680,640
Common Stock, par value	$ 0.01

Consolidated Statement of Cash

Consolidated Statement of Cash Flow - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net income (loss)	$ (74,032)	$ (64,924)
Changes in operating assets and liabilities
Deferred Taxes	$ 450	$ (1,644)
Accounts receivable
Land & Buildings	$ 127,520	$ (27,256)
Accounts payable	14,999	(13,329)
Taxes Payable	(30,809)	(3,450)
Current Portion of long term debt	$ (11,181)	28,599
Note Payable		$ 855
Rounding	$ 1
Net cash provided by (used in) operating activities	26,948	$ (81,149)
Proceeds from:
Borrowing from officer-directors	4,739	9,859
Long term debt	543	213,523
Proceeds used for:
Long Term Debt, ANV	(64,794)	(47,183)
Net cash provided by financing activities	(59,513)	176,199
NET (DECREASE) INCREASE IN CASH	(32,565)	95,050
Cash at beginning of year	100,825	5,775
Cash at end of year	$ 68,260	$ 100,825

Organization and Line of Busine

Organization and Line of Business	12 Months Ended
	Jun. 30, 2015
Organization and Line of Business
ORGANIZATION AND LINE OF BUSINESS	NOTE 1- ORGANIZATION AND LINE OF BUSINESS Organization: Advanced Oxygen Technologies, Inc. (formerly Aquanautic The Company has agreed to indemnify Grace for any out of pocket costs incurred because of the claims, litigation, arbitration, or other proceedings (a) relating to the validity or ownership of the Patent Rights, (b) relating to any infringement by the Patent Rights of any other patent or trademark owned by a third party, (c) relating to any breach by the Company of its representations, warranties, covenants in the Purchase Agreement, or (d) arising from any state of affairs existing at closing which was not this indemnity. The indemnity is for all such costs up to $75,000 and for 50% of such costs over $75,000. Amounts due Grace under the indemnity would be paid by withholding royalties from the Company. : Pursuant to a Stock Acquisition dated as of December 18, 1997, the Company issued 23,750,000 shares of its common stock, par value $0.01 per share, to several investors for $60,000 in cash, plus consulting services with a fair value of $177,500. In December, 2000 an affiliated creditor received $125,000 to reduce the Company's debt from an unrelated buyer of 3,000,000 shares of common stock which the Company issued during the year Aps ( Analizt Analizt Mobiligroup Waiver Agreement: On April 23, 2005 the shareholders that sold IP Service ApS to Advanced Oxygen Technologies, Inc. ("IP Sellers") entered into a waiver agreement with Advanced Oxygen Technologies, Inc. whereby: 1) The IP Sellers waived and relinquished all rights to collect the share conversion owed to the IP Sellers from the conversion of a preferred share pursuant to the stock acquisition agreement of March 3, 2003 (agreement governing the purchase of IP Service ApS, "IP Purchase Agreement"), 2) The IP Sellers release and indemnify Advanced Oxygen Technologies, Inc. and Advanced Oxygen Technologies, Inc. release and indemnify the IP Sellers for breach of contract, making false warranties and representations, and, liabilities associated with the remedies of set off pursuant to the IP Purchase Agreement, and, 3) For consideration of the above the IP Sellers will deliver to Advanced Oxygen Technologies, Inc. the Preferred Share and One Million One hundred twenty thousand (1,120,000) shares of Advanced Oxygen Technologies, Inc., Securas SecurAs follows:a SecurAs SecurAs Purchase of Anton Nielsen Vojens ApS: On February 3, 2006 Advanced Oxygen Technologies, Inc. ("AOXY") purchased 100.00% of the stock of Anton Nielsen Vojens ApS ("ANV"), a Danish company from Borkwood which ever which ever Subdivision and Sale of ANV Real Estate: Pursuant to an acquisition agreement ("Acquisition Agreement"), on March 3, 2006 Anton Nielsen Vojens ApS ("ANV"), a wholly owned subsidiary of Advanced Oxygen Technologies, Inc. ("AOXY") sub divided and sold a 3,300 M2 portion of its Vojens City property ('Property") for Two Million Three hundred Thousand Danish Krone DKk Ejendomsselskabet Lines of Business: The Company, through its wholly owned subsidiary ANV owns income producing commercial real estate leased until 2026. The real estate consists solely of the land with no buildings or improvements ("Land"). All improvements on the Land are those of the tenant.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES : Revenue Recognition : Recognition of rental income: Rental income for commercial property leases is recognized on a straight-line basis over the respective lease terms. Real Estate Accounting Principles: The Company treats the valuation of its real estate in accordance with FASB Statement No. 157, Fair Value Measurements, which provides for the companies accounting valuation of real estate. Statement 157 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company has valued its real estate using the three valuation approaches defined in FASB Statement No. 157: The market approach, which uses observable prices and other relevant information derived from market transactions involving identical or comparable assets or liabilities, The income approach, which uses valuation technique to convert future benefits or costs, usually in the form of cash flows, into a present-value amount. Examples of an income approach include the discounted cash flow method and the direct capitalization method, and the cost approach, which uses estimates of the cost to replace an asset’s service capacity. Revenue recognition on the sale of real estate: Sales of real estate are recognized when and to the extent permitted by Statement of Financial Accounting Standards No. 66, “Accounting for Sales of Real Estate” (“SFAS No. 66”), as amended by SFAS No. 144. Until the requirements of SFAS No. 66 for full profit recognition have been met, transactions are accounted for using either the Real Estate Investments Depreciation and Amortization The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate investments may not be recoverable or realized. When indicators of potential impairment suggest that the carrying value of real estate investments may not be recoverable, the Company assesses the recoverability by estimating whether the Company will recover the carrying value of its real estate investments through its undiscounted future cash flows and the eventual disposition of the investment. If, based on this analysis, the Company does not believe that it will be able to recover the carrying value of its real estate investments, Interest Recognition on Notes Receivable Interest income is not recognized on notes receivable that have been delinquent for 60 days or more. In addition, accrued but unpaid interest income is only recognized to the extent that the net realizable value of the underlying collateral exceeds the carrying value of the receivable. Foreign currency translation: Foreign currency transactions are translated applying the current rate method. Assets and liabilities are translated at current rates. Stockholders' equity accounts are translated at the appropriate historical rates and revenue and expenses are translated at weighted average rates for the year. Exchange rate differences that arise between the rate at the transaction date and the one in effect at the payment date, or at the balance sheet date, are recognized in the income statement. Income Taxes: The Company accounts for income taxes under the asset and liability method of accounting. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is required when it is less likely than not that the Company will be able to realize all or a portion of its deferred tax assets. Because it is doubtful that the net operating losses of recent years will ever be used, a valuation allowance has been recognized equal to the tax benefit of net operating losses generated. Net Earnings per Share: The Company adopted SFAS No. 128, "Earnings per Share". Basic earnings per share is Cash and Cash Equivalents: For purposes of the statement of cash flows, the Company considers all highly-liquid investments purchased with original maturities of three months or less to be cash equivalents. Estimates: The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates. Concentrations of Credit Risk: Financial instruments that potentially subject the Company to major credit risk consist principally of a single subsidiary of Anton Nielsen Vojens ApS. Recently Issued Accounting Standards In February 2006, the FASB issued SFAS No. 155, “Accounting for Certain Hybrid Financial Instruments—an Amendment of FASB Statements No. 133 and 140” (“SFAS No. 155”). The purpose of SFAS No. 155 is to simplify the accounting for certain hybrid financial instruments by permitting fair value re-measurement for any hybrid financial instrument that contains an embedded derivative that otherwise would require bifurcation. SFAS No. 155 is effective for all financial instruments acquired or issued after the beginning of an entity’s first fiscal year that begins after September 15, 2006. The Company believes that the adoption of SFAS No. 155 had no material impact on its cash flows, results of operations, financial position or liquidity. In March 2006, the FASB issued SFAS No. 156, “Accounting for Servicing of Financial Assets—an Amendment of FASB Statement No. 140” (“SFAS No. 156”). SFAS No. 156 requires recognition of a servicing asset or a servicing liability each time an entity undertakes an obligation to service a financial asset by entering into a servicing contract. SFAS No. 156 also requires that all separately recognized servicing assets and servicing liabilities be initially measured at fair value and subsequently measured at fair value at each reporting date. SFAS No. 156 was effective as of the beginning of any entity’s first fiscal year that began after September 15, 2006. The Company believes that the adoption of SFAS No. 156 had no material impact on its cash flows, results of operations, financial position or liquidity. In September 2006, the FASB issued SFAS No. 158, “Employers’ Accounting for Defined Benefit Pension and other Postretirement Plans - an amendment of FASB Statement No. 87, 88, 106 and 132R”. This pronouncement requires an employer to make certain recognitions, measurements, and disclosures regarding defined benefit postretirement plans. The Company does not have any defined benefit postretirement plans and SFAS No. 158 will not have any impact on its financial condition and results of operations. In October 2008, the FASB issued FSP FAS 157-3, Determining In May 2009, the FASB issued SFAS No. 165, “Subsequent Events” (“FAS 165”), which provides guidance to establish general standards of accounting for and disclosures of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. FAS 165 also requires This disclosure should alert all users of financial statements that an entity has not evaluated subsequent events after that date in the set of financial statements being presented. FAS 165 is effective for interim and annual periods ending after June 15, 2009 and will be effective for the Company beginning with its interim period ended June 30, 2009. Since FAS 165 at most requires additional disclosures, the Company does not expect the adoption to have a material impact on its consolidated financial position, results of operations or cash flows. In June 2009, the FASB approved the “FASB Accounting Standards Codification” (the “Codification”) as the single source of authoritative nongovernmental U.S. GAAP to be launched on July 1, 2009. The Codification does not change current U.S. GAAP, but is intended to simplify user access to all authoritative U.S. GAAP by providing all the authoritative literature related to a particular topic in one place. All existing accounting standard documents will be superseded and all other accounting literature not included in the Codification will be considered nonauthoritative

Major Customer

Major Customer	12 Months Ended
	Jun. 30, 2015
Major Customer [Abstract]
MAJOR CUSTOMER	NOTE 3 - MAJOR CUSTOMER: The Company's subsidiary, Anton Nielsen Vojens, ApS has sales to one customer who is a non related party. For the period ending June 30, 2015 and June 30, 2014 the major customer concentrations were as follows: Percent of Sales for the Period ending June 30, Customer 2015 2014 A 100 % 100 % B - - Total Sales from Major Customers 100 % 100 %

Land and Buildings

Land and Buildings	12 Months Ended
	Jun. 30, 2015
Land and Buildings [Abstract]
LAND AND BUILDINGS	NOTE 4 - LAND AND BUILDINGS : The Land owned by the Company's wholly owned subsidiary constitutes the largest asset of the Company. During the period ending June 30, 2015 the Company recorded an decrease in the value of the Land of $127,520 due to the fluctuation in the currency of the dollar. The value of the Land of the Company was as follows: Value of Land at June 30, 2015 2014 2013 US Dollars $ 478,440 $ 605,960 $ 578,704

Related Party Transactions Anto

Related Party Transactions Anton Nielsen Vojens, ApS	12 Months Ended
	Jun. 30, 2015
Related Party Transactions Anton Nielsen Vojens, Aps [Abstract]
RELATED PARTY TRANSACTIONS ANTON NIELSEN VOJENS, ApS	NOTE 5 - RELATED PARTY TRANSACTIONS ANTON NIELSEN VOJENS, ApS

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2015
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES:	NOTE 6 - COMMITMENTS AND CONTINGENCIES: Commitments The Company issued a promissory note ("Note") for $650,000, payable to the Borkwood Development Ltd, a previous shareholder of the Company ("Seller"), payable and amortized monthly and carrying a interest at 5% per year. The Company has the right to prepay the note at any time with a notice of 14 days. To secure the payment of principal and interest the Sellers will receive a perfect lien and security interest in the Shares in the company ANV until the note with accrued interest is paid in full., and, 2) In the case that the Note has not been repaid within 12 months from the day of closing the Sellers have the right to convert the debt to common stock of Advanced Oxygen Technologies, Inc. in an amount of non diluted shares calculated on the conversion Date, equal to the lesser of : a) Six hundred and Fifty thousand (650,000) or the Purchase Price minus the principal payments made by the buyer, which ever is greater, divided by the previous ten day closing price of AOXY as quoted on the national exchange, or b) Fifteen million shares, which ever is lesser. The Note has been extended until July 1, 2016 and interest waived through the period ending June 30, 2015. The Company's wholly owned subsidiary Anton Nielsen Vojens, ApS has a note payable with a bank. The original amount of the note was kr 750,000 Danish Krone (kr) ("Note A"). The note is secured by the revenues of the lease with Statoil, with a 7.00% interest rate and 5 years left on the term. The balance on the note as of June 30, 2015 was $29,836 and the yearly payments are fixed at kr 75,000. The value of the note reflect the currency adjustments. The table below summarizes the companies commitments going forward. The Company's wholly owned subsidiary Anton Nielsen Vojens, ApS has a note payable with a bank ("Note B"). The original amount of Note B was kr 1,132,000 Danish Krone (kr). Note B is secured by the subsidiary's real estate, with a 2.00% interest rate and 10 years left on the term. The balance on the note as of June 30, 2015 was $139,074. Advanced Oxygen Technologies, Inc. Commitments and Contingencies for the year Ending June 30, 2015 Year Bank Note "A" Amount in DKK Bank Note "A" Amount converted to $US Dollars at currency exchange rate at June 30, 2015 Bank Note "B" Amount in DKK Bank Note "B" Amount converted to $US Dollars at currency exchange rate at June 30, 2015 Borkwood Note Amount in $US Dollars Total * 2016 DKK 75,000 $ 11,213 DKK 149,797 $ 22,397 $ 127,029 $ 160,639 2017 DKK 75,000 $ 11,213 DKK 149,797 $ 22,397 $ 33,610 2019 - - DKK 149,797 $ 22,397 $ 33,610 2020 - - DKK 149,797 $ 22,397 $ 33,610 2021 - - DKK 149,797 $ 22,397 $ 33,610 2022 - - DKK 149,797 $ 22,397 $ 33,610 2023 - - DKK 149,797 $ 22,397 $ 33,610 2024 - - DKK 149,797 $ 22,397 $ 33,610 2025 - - DKK 149,797 $ 22,397 $ 33,610 - - - - - - $ 429,519 The amounts stated in this table reflect the Company's commitments in the currencies that those commitments were made and the total column is an estimate of what the US dollar amount would be if the currency rates did not change going forward.

Due to Affiliate

Due to Affiliate	12 Months Ended
	Jun. 30, 2015
Due to Affiliate [Abstract]
DUE TO AFFILIATE	NOTE 7 - DUE TO AFFILIATE Due to affiliate consisted of: 1) Advances payable to Crossfields

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2015
Income Taxes [Abstract]
INCOME TAXES	NOTE 8 - INCOME TAXES As of June 30, 2015, the Company had federal and state net operating loss carryforwards carryforwards carryforwards Year Amount 2018 236,000 2019 548,000 2020 351,000 2021 29,000 Total $ 1,164,000 The overall effective tax rate differs from the federal statutory tax rate of 34% due to operating losses and other deferred assets not providing benefit for income tax purposes.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Jun. 30, 2015
Shareholders' Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 9 - SHAREHOLDERS' EQUITY: Common Stock: Pursuant to a Certificate of Amendment to our Certificate of Incorporation filed with the State of Delaware and effective as of December 8, 2014, the Company (effected a reverse stock split of all the outstanding shares of our common stock at an exchange ratio of one for twenty (1:20) and changed the number our authorized shares of common stock, par value $0.01 per share, from 90,000,000 to 60,000,000 while maintaining the number of authorized shares of preferred stock, par value $0.01 per share, at 10,000,000. As a result, the 45,853,585 shares of common stock outstanding at December 7, 2014 had been reduced to 2,292,945 shares of common stock (taking into account the rounding up of fractional share interests). Preferred Stock: The Company is authorized to issue 10,000,000 shares of $0.01 par value preferred stock. The Company may issue any class of preferred shares in series. The board of directors has the authority to establish and designate series and to fix the number of shares included in each such series. Series 2 Convertible Preferred Stock: Each Series 2 preferred share is convertible into two shares of common stock at the option of the holder. Each Series 2 preferred share also includes one warrant to purchase two common shares for $5.00. The warrants are exercisable over a three-year period. In the event of the liquidation of the Company, holders of Series 2 preferred stock would be entitled to receive $5.00 per share, plus any unpaid dividends declared on the Series 2 preferred stock from the funds remaining after the Company's creditors, including directors, have been paid. There have been no dividends declared. During November 1997, 172,000 shares of Series 2 preferred stock were converted into 344,000 shares of the Company's common stock. Series 4 Convertible Preferred Stock: The shares are collectively convertible to common stock of the Company on March 5, 2004, in an amount equal to the greater of a.)290,000 shares divided by the ten day closing price, prior to the date of acquisition of IPS, of the Company's common stock as quoted on the national exchange and not to exceed twenty million shares, or b.) six

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition Recognition of rental income: Rental income for commercial property leases is recognized on a straight-line basis over the respective lease terms. Real Estate Accounting Principles Value Measurements, which provides for the companies accounting valuation of real estate. Statement 157 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company has valued its real estate using the three valuation approaches defined in FASB Statement No. 157: The market approach, which uses observable prices and other relevant information derived from market transactions involving identical or comparable assets or liabilities, The income approach, which uses valuation technique to convert future benefits or costs, usually in the form of cash flows, into a present-value amount. Examples of an income approach include the discounted cash flow method and the direct capitalization method, and the cost approach, which uses estimates of the cost to replace an asset’s service capacity. Revenue recognition on the sale of real estate: Sales of real estate are recognized when and to the extent permitted by Statement of Financial Accounting Standards No. 66, “Accounting for Sales of Real Estate” (“SFAS No. 66”), as amended by SFAS No. 144. Until the requirements of SFAS No. 66 for full profit recognition have been met, transactions are accounted for using either the deposit, the installment, the cost recovery, or the financing method, whichever is appropriate. Real Estate Investments Depreciation and Amortization Real estate costs related to the acquisition and improvement of properties are capitalized and amortized over the expected useful life of the asset on a straight-line basis. Repair and maintenance costs are charged to expense as incurred and significant replacements and betterments are capitalized. Repair and maintenance costs include all costs that do not extend the useful life of the real estate asset. The Company considers the period of future benefit of an asset to determine its appropriate useful life. The Company anticipates the estimated useful lives of its assets by class to be generally as follows: land improvements: three to 40 years, buildings and building improvements: three to 40 years, and furniture and equipment: one to 20 years. Impairment of Real Estate Investments The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate investments may not be recoverable or realized. When indicators of potential impairment suggest that the carrying value of real estate investments may not be recoverable, the Company assesses the recoverability by estimating whether the Company will recover the carrying value of its real estate investments through its undiscounted future cash flows and the eventual disposition of the investment. If, based on this analysis, the Company does not believe that it will be able to recover the carrying value of its real estate investments, the Company would record an impairment loss to the extent that the carrying value exceeds the estimated fair value of its real estate investments. The Company recorded no impairment loss on its real estate investments during the period ending March 31, 2015. Interest Recognition on Notes Receivable Interest income is not recognized on notes receivable that have been delinquent for 60 days or more. In addition, accrued but unpaid interest income is only recognized to the extent that the net realizable value of the underlying collateral exceeds the carrying value of the receivable.
Foreign currency translation	Foreign currency translation: Foreign currency transactions are translated applying the current rate method. Assets and liabilities are translated at current rates. Stockholders' equity accounts are translated at the appropriate historical rates and revenue and expenses are translated at weighted average rates for the year. Exchange rate differences that arise between the rate at the transaction date and the one in effect at the payment date, or at the balance sheet date, are recognized in the income statement.
Income Taxes	Income Taxes: The Company accounts for income taxes under the asset and liability method of accounting. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is required when it is less likely than not that the Company will be able to realize all or a portion of its deferred tax assets. Because it is doubtful that the net operating losses of recent years will ever be used, a valuation allowance has been recognized equal to the tax benefit of net operating losses generated.
Net Earnings per Share	Net Earnings per Share: The Company adopted SFAS No. 128, "Earnings per Share". Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of common shares available. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.
Cash and Cash Equivalents	Cash and Cash Equivalents: For purposes of the statement of cash flows, the Company considers all highly-liquid investments purchased with original maturities of three months or less to be cash equivalents. The Company maintains its cash in bank deposit accounts which, at March 31, 2015 did not exceed federally insured limits. The Company has not experienced any losses in such accounts and believes that it is not exposed to any significant credit risk on such amounts.
Estimates	Estimates: The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates.
Concentrations of Credit Risk	Concentrations of Credit Risk: Financial instruments that potentially subject the Company to major credit risk consist principally of a single subsidiary of Anton Nielsen Vojens ApS and its customer concentration.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In February 2007, the FASB issued SFAS No 159, "The Fair Value Option for Financial Assets and Financial Liabilities" ("SFAS 159") which permits entities to choose to measure many financial instruments and certain other items at fair value that are not currently required to be measured at fair value. SFAS 159 was effective for us on July 1, 2008. The adoption of SFAS 159 did not have an impact on the Company's consolidated financial statements. In October 2008, the FASB issued FSP FAS 157-3, Determining the Fair Value of a Financial Asset When the Market for That Asset Is Not Active. FSP FAS 157-3 clarifies the application of FASB statement No. 157, Fair Value Measurements, in a market that is not active and provides an example to illustrate key considerations in determining the fair value of a financial asset when the market for that financial asset is not active. This FSP could be applicable to us but the Company currently has no financial assets of this type. In May 2009, the FASB issued SFAS No. 165, "Subsequent Events" ("FAS 165"), which provides guidance to establish general standards of accounting for and disclosures of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. FAS 165 also requires entities to disclose the date through which subsequent events were evaluated as well as the rationale for why that date was selected. This disclosure should alert all users of financial statements that an entity has not evaluated subsequent events after that date in the set of financial statements being presented. FAS 165 is effective for interim and annual periods ending after June 15, 2009 and will be effective for the Company beginning with its interim period ended June 30, 2009. Since FAS 165 at most requires additional disclosures, the Company does not expect the adoption to have a material impact on its consolidated financial position, results of operations or cash flows. In June 2009, the FASB approved the "FASB Accounting Standards Codification" (the "Codification") as the single source of authoritative nongovernmental U.S. GAAP to be launched on July 1, 2009. The Codification does not change current U.S. GAAP, but is intended to simplify user access to all authoritative U.S. GAAP by providing all the authoritative literature related to a particular topic in one place. All existing accounting standard documents will be superseded and all other accounting literature not included in the Codification will be considered nonauthoritative. The Codification is effective for interim and annual periods ending after September 15, 2009. The Codification is effective for the Company in the interim period ending March 31, 2015 and it does not expect the adoption to have a material impact on its consolidated financial position, results of operations or cash flows. In May 2014, the Financial Accounting Standards Board issued ASU No. 2014-09, “Revenue from Contracts with Customers.” Under the new standard, revenue is recognized at the time a good or service is transferred to a customer for the amount of consideration received for that specific good or service. It is effective for annual reporting periods beginning after December 15, 2016, including interim reporting periods, and early adoption is not permitted. Entities may use a full retrospective approach or report the cumulative effect as of the date of adoption. We are currently evaluating the impact, if any, the adoption of this standard will have on our Consolidated Financial Statements.

Major Customer (Tables)

Major Customer (Tables)	12 Months Ended
	Jun. 30, 2015
Major Customer [Abstract]
Schedules of major customer concentrations	Percent of Sales for the Period ending June 30, Customer 2015 2014 A 100 % 100 % B - - Total Sales from Major Customers 100 % 100 %

Land and Buildings (Tables)

Land and Buildings (Tables)	12 Months Ended
	Jun. 30, 2015
Land and Buildings [Abstract]
Schedule of value of land	Value of Land at June 30, 2015 2014 2013 US Dollars $ 478,440 $ 605,960 $ 578,704

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jun. 30, 2015
Commitments and Contingencies [Abstract]
Summary of commitments and contingencies	Advanced Oxygen Technologies, Inc. Commitments and Contingencies for the year Ending June 30, 2015 Year Bank Note "A" Amount in DKK Bank Note "A" Amount converted to $US Dollars at currency exchange rate at June 30, 2015 Bank Note "B" Amount in DKK Bank Note "B" Amount converted to $US Dollars at currency exchange rate at June 30, 2015 Borkwood Note Amount in $US Dollars Total * 2016 DKK 75,000 $ 11,213 DKK 149,797 $ 22,397 $ 127,029 $ 160,639 2017 DKK 75,000 $ 11,213 DKK 149,797 $ 22,397 $ 33,610 2019 - - DKK 149,797 $ 22,397 $ 33,610 2020 - - DKK 149,797 $ 22,397 $ 33,610 2021 - - DKK 149,797 $ 22,397 $ 33,610 2022 - - DKK 149,797 $ 22,397 $ 33,610 2023 - - DKK 149,797 $ 22,397 $ 33,610 2024 - - DKK 149,797 $ 22,397 $ 33,610 2025 - - DKK 149,797 $ 22,397 $ 33,610 - - - - - - $ 429,519 The amounts stated in this table reflect the Company's commitments in the currencies that those commitments were made and the total column is an estimate of what the US dollar amount would be if the currency rates did not change going forward.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2015
Income Taxes [Abstract]
Summary of operating loss carryforwards	Year Amount 2018 236,000 2019 548,000 2020 351,000 2021 29,000 Total $ 1,164,000

Organization and Line of Busi22

Organization and Line of Business (Details)

Mar. 03, 2006DKK

Feb. 03, 2006USD ($)

Mar. 05, 2003shares

Mar. 09, 1998USD ($)shares

Apr. 23, 2005shares

Dec. 31, 2000USD ($)shares

Jan. 28, 1999USD ($)

Dec. 18, 1997USD ($)$ / sharesshares

Jun. 30, 2015USD ($)shares

Jun. 30, 2014USD ($)shares

Jun. 30, 2005USD ($)

Jun. 30, 2004USD ($)

Organization Consolidation And Presentation Of Financial Statements (Textual)

Indemnity description

The indemnity is for all such costs up to $75,000 and for 50% of such costs over $75,000.

Stock issued during period, shares | shares

23,750,000

Stock issued during period, value

$ 60,000

Stock issued during period for consulting services

$ 177,500

Shares issued, price per share | $ / shares

$ 0.01

Equity method investment ownership description

Mobile Group Inc., a formerly fully owned subsidiary of Advanced Oxygen Technologies, Inc., acquired 100% of the issued and outstanding stock of Mobiligroup, ApS from all of its owners in exchange for 80% of its stock. The Company will account for the investment of 20% of Mobile Group Inc. by the equity method.

Revenue on sale of service

$ 73,908

$ 44,830

Percent of sales

100.00%

100.00%

Borkwood Note [Member]

Organization Consolidation And Presentation Of Financial Statements (Textual)

Percent of sales

100.00%

Notes payable related parties

$ 650,000

Debt instrument, payment terms

In the case that the Note has not been repaid within 12 months from the day of closing the Sellers have the right to convert the debt to common stock of Advanced Oxygen Technologies, Inc. in an amount of non diluted shares calculated on the conversion Date, equal to the lesser of : a) Six hundred and Fifty thousand (650,000) or the Purchase Price minus the principal payments made by the buyer, which ever is greater, divided by the previous ten day closing price of AOXY as quoted on the national exchange, or b) Fifteen million shares, which ever is lesser.

Interest rate

5.00%

Percent of purchase

100.00%

Ip Services [Member]

Organization Consolidation And Presentation Of Financial Statements (Textual)

Stock issued during period, shares | shares

14,000,000

Revenue on sale of service

$ 41,420

$ 41,421

Loss on sale of service

$ 204,058

$ 27,408

Percent of sales

100.00%

Concentration risk, benchmark description

For consideration as follows: 1) The purchase price will be Seven Hundred and Fifty Thousand US Dollars payable as follows:a) Cash and or b) Royalties, which are comprised of 33.33% of all revenue derived from or associated with IP Service ApS or any of its products, which shall be payable quarterly on the 10th day following each quarter and SecurAs will deliver a certified audit of the revenues of IP Service ApS annually to Advanced Oxygen Technologies Inc.

Series 3 Convertible Preferred Stock

Organization Consolidation And Presentation Of Financial Statements (Textual)

Preferred Stock, shares issued | shares

1,670,000

1,670,000

Stock Acquisition Agreement [Member]

Organization Consolidation And Presentation Of Financial Statements (Textual)

Shares issued for settlement of debt, Value

$ 125,000

Shares issued for settlement of debt, Shares | shares

3,000,000

Acquisition of owned subsidiary | DKK

DKK 2,300,000

Purchase Agreement [Member]

Organization Consolidation And Presentation Of Financial Statements (Textual)

Cash down payment to acquire assets

$ 10,000

Notes payable

550,000

Redemption of converted shares value

500,000

Purchase price of assets fair value minimum

$ 1,060,000

Repayments of other debt

$ 15,000

Lease obligations

$ 44,811

Debt instrument, term

1 year

Promissory note

$ 5,000

Purchase Agreement [Member] | Series 3 Convertible Preferred Stock

Organization Consolidation And Presentation Of Financial Statements (Textual)

Preferred Stock, shares issued | shares

1,670,000

Waiver Agreement [Member]

Organization Consolidation And Presentation Of Financial Statements (Textual)

Preferred Stock, shares issued | shares

1,120,000

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies (Textual)
Interest income on notes receivable, description	Interest income is not recognized on notes receivable that have been delinquent for 60 days or more.
Land improvements [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful lives of assets	3 years
Land improvements [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful lives of assets	40 years
Building and building improvements [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful lives of assets	3 years
Building and building improvements [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful lives of assets	40 years
Furniture and equipment [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful lives of assets	1 year
Furniture and equipment [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful lives of assets	20 years

Major Customer (Details)

Major Customer (Details)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Concentration Risk [Line Items]
Total sales from major customers	100.00%	100.00%
Customer A [Member] | Sales [Member]
Concentration Risk [Line Items]
Total sales from major customers	100.00%	100.00%
Customer B [Member] | Sales [Member]
Concentration Risk [Line Items]
Total sales from major customers

Major Customer (Details Textual

Major Customer (Details Textual)	12 Months Ended
	Jun. 30, 2015Customers
Major Customer (Textual)
Number of customer	1

Land and Buildings (Details)

Land and Buildings (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Land and Buildings [Abstract]
Land and buildings	$ 478,440	$ 605,960	$ 578,704

Land and Buildings (Details Tex

Land and Buildings (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Land and Buildings (Textual)
Increase (decrease) in value of land	$ (127,520)	$ 27,256

Related Party Transactions An28

Related Party Transactions Anton Nielsen Vojens, ApS (Details)	Jun. 30, 2015USD ($)
Borkwood Development LTD [Member]
Related Party Transactions Anton Nielsen Vojens, ApS (Textual)
Outstanding balance of short term debt	$ 127,029

Commitments and Contingencies29

Commitments and Contingencies (Details) - Jun. 30, 2015	USD ($)	DKK
Commitments and Contigencies [Line Items]
Commitments	$ 429,519
2016 [Member]
Commitments and Contigencies [Line Items]
Commitments	160,639
2017 [Member]
Commitments and Contigencies [Line Items]
Commitments	33,610
2019 [Member]
Commitments and Contigencies [Line Items]
Commitments	33,610
2020 [Member]
Commitments and Contigencies [Line Items]
Commitments	33,610
2021 [Member]
Commitments and Contigencies [Line Items]
Commitments	33,610
2022 [Member]
Commitments and Contigencies [Line Items]
Commitments	33,610
2023 [Member]
Commitments and Contigencies [Line Items]
Commitments	33,610
2024 [Member]
Commitments and Contigencies [Line Items]
Commitments	33,610
2025 [Member]
Commitments and Contigencies [Line Items]
Commitments	33,610
Bank Note A [Member] | 2016 [Member]
Commitments and Contigencies [Line Items]
Commitments	11,213	DKK 75,000
Bank Note A [Member] | 2017 [Member]
Commitments and Contigencies [Line Items]
Commitments	11,213	75,000
Bank Note B [Member] | 2016 [Member]
Commitments and Contigencies [Line Items]
Commitments	22,397	149,797
Bank Note B [Member] | 2017 [Member]
Commitments and Contigencies [Line Items]
Commitments	22,397	149,797
Bank Note B [Member] | 2019 [Member]
Commitments and Contigencies [Line Items]
Commitments	22,397	149,797
Bank Note B [Member] | 2020 [Member]
Commitments and Contigencies [Line Items]
Commitments	22,397	149,797
Bank Note B [Member] | 2021 [Member]
Commitments and Contigencies [Line Items]
Commitments	22,397	149,797
Bank Note B [Member] | 2022 [Member]
Commitments and Contigencies [Line Items]
Commitments	22,397	149,797
Bank Note B [Member] | 2023 [Member]
Commitments and Contigencies [Line Items]
Commitments	22,397	149,797
Bank Note B [Member] | 2024 [Member]
Commitments and Contigencies [Line Items]
Commitments	22,397	149,797
Bank Note B [Member] | 2025 [Member]
Commitments and Contigencies [Line Items]
Commitments	22,397	DKK 149,797
Borkwood Note [Member] | 2016 [Member]
Commitments and Contigencies [Line Items]
Commitments	$ 127,029

Commitments and Contingencies30

Commitments and Contingencies (Details Textual)	Feb. 03, 2006USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2015DKK
Bank Note A [Member]
Commitments and Contigencies (Textuals)
Notes payable related parties | DKK			DKK 750,000
Interest rate		7.00%
Debt instrument, term		5 years
Debt instrument, yearly payment | DKK			75,000
Debt instrument principal amount outstanding		$ 29,836
Bank Note B [Member]
Commitments and Contigencies (Textuals)
Notes payable related parties | DKK			DKK 1,132,000
Interest rate		2.00%
Debt instrument, term		10 years
Debt instrument principal amount outstanding		$ 139,074
Borkwood Note [Member]
Commitments and Contigencies (Textuals)
Notes payable related parties	$ 650,000
Interest rate	5.00%
Promissory note, repayment term		The Company has the right to prepay the note at any time with a notice of 14 days.

Due to Affiliate (Details)

Due to Affiliate (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Due to Affiliate (Textual)
Due to affiliate	$ 60,998	$ 56,259

Income Taxes (Details)

Income Taxes (Details)	Jun. 30, 2015USD ($)
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 1,164,000
2018 [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	236,000
2019 [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	548,000
2020 [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	351,000
2021 [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 29,000

Income Taxes (Details Textual)

Income Taxes (Details Textual)	12 Months Ended
	Jun. 30, 2015USD ($)
Income Taxes (Textual)
Federal and state net operating loss carryforwards	$ 12,400,000
Offset future taxable income	$ 1,160,000
Federal statutory tax rate	34.00%

Shareholders' Equity (Details)

Shareholders' Equity (Details) - $ / shares	12 Months Ended
	Jun. 30, 2015	Dec. 08, 2014	Dec. 07, 2014	Jun. 30, 2014
Shareholders Equity (Textual)
Common Stock, par value	$ 0.01			$ 0.01
Common Stock, shares outstanding	2,292,945		2,292,945	45,853,585
Common Stock, shares authorized	60,000,000			90,000,000
Series 2 Convertible Preferred Stock [Member]
Shareholders Equity (Textual)
Convertible preferred stock description	Each Series 2 preferred share is convertible into two shares of common stock at the option of the holder. Each Series 2 preferred share also includes one warrant to purchase two common shares for $5.00
Warrants exercisable term	3 years
Number of shares, converted during period	172,000
Series 4 Convertible Preferred Stock [Member]
Shareholders Equity (Textual)
Convertible preferred stock description	a.)290,000 shares divided by the ten day closing price, prior to the date of acquisition of IPS, of the Company's common stock as quoted on the national exchange and not to exceed twenty million shares, or b.) six million shares.
Preferred Stock [Member]
Shareholders Equity (Textual)
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred Stock, par or stated value	$ 0.01	$ 0.01
Common Stock [Member]
Shareholders Equity (Textual)
Stockholders' equity, Reverse stock split	Reverse split of 20 to 1.
Common Stock, par value	$ 0.01
Common Stock, shares outstanding			45,853,585
Common Stock, shares authorized		10,000,000
Preferred Stock, par or stated value		$ 0.01
Number of shares, issued during conversion	344,000
Common Stock [Member] | Maximum [Member]
Shareholders Equity (Textual)
Common Stock, shares authorized		90,000,000
Preferred Stock, shares authorized		90,000,000
Common Stock [Member] | Minimum [Member]
Shareholders Equity (Textual)
Common Stock, shares authorized		60,000,000
Preferred Stock, shares authorized		60,000,000